Bankruptcy Filings for 2017 “Flattened Out”

The latest figures from the Administrative Office of the U.S. Courts show that for the 12 month period ending December 31, 2017, bankruptcy filings (789,020 cases filed) were down 0.7% from 2016 (794,960 cases filed). While this is the smallest 12 month percentage decline, records show that this is the lowest number of bankruptcy filings for any calendar year since 2006. However, the American Bankruptcy Institute predicts that as borrowing begins to rise again, so will bankruptcy filings.